News Column

BD36m sukuk 'big success'

February 25, 2014

MANAMA: The Central Bank of Bahrain (CBB) yesterday announced that the monthly issue of the Sukuk Al Salam Islamic securities for the BD36 million issue, which carries a maturity of 91 days, has been oversubscribed by 325 per cent.

The expected return on the issue, which begins on Wednesday and matures on May 28, is 0.80pc, compared to 1pc for the previous issue.

The securities are issued by the CBB on behalf of the government of Bahrain.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Gulf Daily News (Bahrain)

Story Tools